News & Analysis

Battery-maker EnerDel eyes utility power-storage marketRestricted Content

August 14, 2010
Chris O'Malley
Locally based EnerDel Inc. has been riding high on prospects its lithium-ion batteries will be in hot demand to power plug-in electric vehicles, but another market might be larger. A Piper Jaffray report estimates the global market for batteries used to store electricity on utility power grids could be $600 billion over 10 years.
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Unsettled NFL labor pact complicates Manning contract

August 14, 2010
Anthony Schoettle
Colts owner Jim Irsay wants to make quarterback Peyton Manning the highest-paid player in the NFL when his contract expires next year. But a dispute over compensation in the National Football League is complicating efforts to sign him to a long-term deal.
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Life sciences panel pegs bright spots in IndianaRestricted Content

August 14, 2010
Leaders tackle issues ranging from research to cold storage to the future of Eli Lilly and Co.
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Indiana life sciences group moves aheadRestricted Content

August 14, 2010
Scott Olson
INpact not-for-profit arranged virtual approach to help startup firm develop device to detect tooth cavities early.
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WellPoint, other health insurers race to join accountable care groupsRestricted Content

August 14, 2010
J.K. Wall
The health care industry is responding to reforms that will pay doctors bonuses if they provide high-quality care and save Medicare money.
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Bedsore preventer turns to detectionRestricted Content

August 14, 2010
Chris O'Malley
Changes in reimbursement could fuel market for WoundVision's product.
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Museums struggle to capture foot traffic from busy Central Canal

August 14, 2010
Kathleen McLaughlin
Summer on the Central Canal is like a beachfront boardwalk, teeming with life. People push strollers, hold hands and walk their dogs. There are boats and bikes and Segways for rent. And four museums are steps away from the water. Yet most of them capture few of the passersby.
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MZD Advertising expands with franchising divisionRestricted Content

August 14, 2010
Anthony Schoettle
MZD Advertising is stepping outside the realm of traditional agency work to grow its revenue stream. In the process, it’s attempting to bring a new form of auto racing to Indianapolis.
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Smulyan still lacks support to take Emmis private

August 13, 2010
Anthony Schoettle
Emmis has again delayed a shareholder vote to take the company off the public market. A new meeting is set for Aug. 20.
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Cash options floated for workers at GM stamping plant

August 13, 2010
Kathleen McLaughlin
Fliers circulating at General Motors' Indianapolis plant show that union members will be offered cash payments of $25,000 to $35,000 and an opportunity to keep a foot in the door with GM, if they agree to work for JD Norman Industries.
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Tim Durham closes New Castle restaurant

August 13, 2010
Greg Andrews
A sign on the door of Durhams Ristorante says the moderately priced Italian eatery will be "closed until further notice."
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After another loss, JA plans for recovery

August 13, 2010
Kathleen McLaughlin
The not-for-profit hangs its hopes on efforts including more aggressive fundraising after reporting a $389,000 deficit for its 2010 fiscal year. "It's been a rough spell," said CEO Jennifer Burk.
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Will third time be a charm for Emmis?

August 13, 2010
Scott Olson
Emmis shareholders are set to vote again Friday night on taking the company private, but the proposal could be in jeopardy if a deal is not reached soon, says one investment expert.
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INSIDE DISH: Fairgrounds caterer revels in year-round gig

August 13, 2010
Mason King
Bartos Watch VideopPlying fairgoers with country-fried treats is just the start for John Barto, whose firm provides food-and-beverage service for confabs across the Fairgrounds calendar.
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HR firm FlashPoint severs ties with Barnes & Thornburg

August 13, 2010
Scott Olson
FlashPoint's co-owners purchase remaining shares from law firm to give them sole ownership of the company they founded in 2002.
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Loogootee losing 95 jobs to bedding plant closure

August 13, 2010
Perfect Fit Industries, a supplier of bedding accessories such as mattress pads, pillows and comforters, will shut down its facility in southwest Indiana by the end of the year.
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Biomet investing $26M to expand, create nearly 280 jobs

August 13, 2010
 IBJ Staff
Orthopedics giant Biomet Inc. plans to invest $26 million to grow operations in its hometown of Warsaw, adding 278 jobs by the end of 2012.
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Eli Lilly loses patent lawsuit for Strattera

August 13, 2010
 IBJ Staff and Associated Press
Eli Lilly and Co. on Thursday lowered its revenue outlook for the year after it lost a patent lawsuit over its attention deficit hyperactivity drug Strattera. The patent had been set to expire in May 2017. Lilly plans to appeal.
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Lawmaker wants Durham donations returned

August 12, 2010
 IBJ Staff and Associated Press
State Rep. Ed DeLaney of Indianapolis said Thursday that contributions of more than $800,000 by Indianapolis businessman Timothy Durham should be sent to a bankruptcy trustee for Ohio investment firm Fair Finance Co., which was forced into bankruptcy earlier this year.
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Schrenker to plead guilty to securities fraud

August 12, 2010
 IBJ Staff and Associated Press
A former money manager convicted of trying to fake his own death in a Florida plane crash last year has agreed to plead guilty to securities fraud charges in Indiana. Marcus Schrenker would face 10 years in prison.
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GM plant offer sets off union power struggle

August 12, 2010
Kathleen McLaughlin
The UAW in Detroit said Local 23 will vote Monday on Illinois-based JD Norman's proposal to buy an Indianapolis stamping plant where more than 600 work, but a local rep says workers don't want to negotiate.
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Eiteljorg to launch new attractions, strategy

August 12, 2010
Kathleen McLaughlin
The Eiteljorg Museum of American Indians and Western Art is trying to raise $4.5 million to fund a new strategy aimed at boosting attendance.
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Edward Jones eyeing Indianapolis expansion

August 12, 2010
The St. Louis-based financial services firm plans to add 62 branches within the next five years here to complement the existing 90 locations it already has in the city and surrounding counties.
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Fish sculpture poached from iconic IU fountain

August 12, 2010
Associated Press
A bronze fish that is part of the Bloomington campus's Showalter Fountain is missing just a year after it was replaced following an absence of more than 20 years.
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New jobless claims hit highest level in six months

August 12, 2010
Associated Press
Initial claims for unemployment benefits have now risen in three of the last four weeks and are close to their high point for the year of 490,000, reached in late January.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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